LENO is a governance, risk, and compliance platform that automates third-party risk management and outsourcing processes, ensuring compliance with regulations like MaRisk and BAIT. By providing a centralized solution for managing outsourcing activities, it enhances data quality and operational efficiency while eliminating fragmented data and manual tasks.
Funding
Funding not disclosed
Founders
Product
Problem
Many organizations struggle with fragmented data and manual processes when managing governance, risk, and compliance (GRC), especially concerning third-party risk and outsourcing. This leads to inefficiencies, increased operational costs, and difficulty maintaining compliance with regulations such as MaRisk, BAIT, and DORA.
Solution
LENO is a GRC software platform that streamlines and automates third-party risk management, outsourcing processes, and overall compliance efforts. The platform provides a centralized solution for managing outsourcing activities, contracts, information security, and business continuity, ensuring adherence to regulatory requirements. By automating key tasks and consolidating data, LENO enhances data quality, improves operational efficiency, and reduces the risk of non-compliance. The platform's modular design allows organizations to select and implement specific modules based on their unique needs, providing a flexible and scalable approach to GRC.
Target Audience
LENO is designed for organizations, particularly in the financial sector, that must comply with regulations such as MaRisk, BAIT, and DORA, and require a comprehensive solution for managing governance, risk, and compliance.
Features
- Centralized platform for managing outsourcing, contracts, information security, and business continuity.
- Automated creation of outsourcing registers and task lists for improved data quality and audit readiness.
- Dynamic, hierarchical mapping of all contract documents with transparent search and filter functions.
- AI-powered features for risk assessment, contract review, and compliance monitoring.
- Real-time activity tracking and risk assessment for proactive risk management.
- Modular design allowing selection of specific modules based on organizational needs.
- Secure cloud-based solution hosted in Deutsche Telekom data centers with an on-premises option available.
- Support for multiple languages, including German and English, with customizable language settings.